BlackRock Inc. Purchases New Stake in United Parks & Resorts Inc. $PRKS

BlackRock Inc. purchased a new stake in shares of United Parks & Resorts Inc. (NYSE:PRKS) in the second quarter, Holdings Channel reports. The firm purchased 3,593,642 shares of the company’s stock, valued at approximately $171,560,000. BlackRock Inc. owned 0.08% of United Parks & Resorts as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of PRKS. AQR Capital Management LLC increased its holdings in United Parks & Resorts by 11.7% during the 1st quarter. AQR Capital Management LLC now owns 12,220 shares of the company’s stock worth $556,000 after purchasing an additional 1,282 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in United Parks & Resorts by 58.9% during the first quarter. Goldman Sachs Group Inc. now owns 678,813 shares of the company’s stock worth $30,859,000 after buying an additional 251,522 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in United Parks & Resorts by 3.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 102,317 shares of the company’s stock valued at $4,651,000 after buying an additional 3,047 shares during the last quarter. Prudential Financial Inc. purchased a new stake in United Parks & Resorts in the 2nd quarter valued at $208,000. Finally, Invesco Ltd. lifted its stake in United Parks & Resorts by 5.8% during the 2nd quarter. Invesco Ltd. now owns 77,357 shares of the company’s stock valued at $3,647,000 after acquiring an additional 4,209 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. UBS Group reaffirmed a “neutral” rating and set a $45.00 price objective on shares of United Parks & Resorts in a report on Monday, June 15th. Citizens Jmp began coverage on shares of United Parks & Resorts in a research report on Monday, June 29th. They set a “market perform” rating on the stock. Deutsche Bank Aktiengesellschaft set a $55.00 target price on United Parks & Resorts in a research note on Thursday, August 6th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $40.00 price target (down from $43.00) on shares of United Parks & Resorts in a report on Tuesday, May 12th. Finally, Guggenheim upped their price objective on shares of United Parks & Resorts from $51.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $47.30.

Insider Activity at United Parks & Resorts

In other United Parks & Resorts news, insider Christopher L. Finazzo sold 6,622 shares of United Parks & Resorts stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $44.20, for a total transaction of $292,692.40. Following the transaction, the insider directly owned 123,663 shares of the company’s stock, valued at approximately $5,465,904.60. This trade represents a 5.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.70% of the company’s stock.

United Parks & Resorts Stock Performance

Shares of PRKS stock opened at $42.56 on Friday. United Parks & Resorts Inc. has a 52-week low of $28.77 and a 52-week high of $56.95. The company has a market capitalization of $1.93 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 4.05 and a beta of 1.16. The business’s fifty day moving average is $45.72 and its 200 day moving average is $39.47.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.33). The business had revenue of $483.32 million for the quarter, compared to analysts’ expectations of $492.10 million. United Parks & Resorts had a negative return on equity of 27.85% and a net margin of 8.11%.The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.45 EPS. On average, sell-side analysts forecast that United Parks & Resorts Inc. will post 2.85 EPS for the current fiscal year.

United Parks & Resorts Company Profile

United Parks & Resorts, Inc is a holding company, which engages in the ownership and operation of theme parks. Its portfolio includes SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, FL.